Real Exchange Rates Determination: Purchasing Power Parity (PPP), and Balassa-Samuelson Hypothesis
The Balassa and Samuelson hypothesis -- BS -- (Balassa, 1964, Samuelson, 1964), which natural point of departure is the Salter-Swan (dependent economy) model is analysed. It offers general theoretical justification of the long-run trends in real exchange rates in relation to productivities and price...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
IEECA
2017-04-01
|
| Series: | Journal of Eastern European and Central Asian Research |
| Subjects: | |
| Online Access: | https://ieeca.org/journal/index.php/JEECAR/article/view/147 |